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Old Grove Road
10054 Old Grove Road, San Diego, CA
Property Highlights
Acquired vacant 85,824 SF institutional quality industrial building
Strategically located asset in a tight submarket within San Diego industrial market
Quasi off-market acquisition that CapRock chased for +/- 18 months
Property Information
Quasi off-market acquisition
Vacant 85,824 SF institutional-quality industrial building
Located ½ mile east of the I-15 freeway in the 3% vacant Central County submarket
Previously owned by an owner-user and has never been available for lease or sale since its construction in 1982
Prior to renovation, the building had significant functional challenges and limited curb appeal
Business Plan
CapRock Partners solved a complex environmental issue and acquired the property nearly two years after it was originally marketed
Upon close of escrow, CapRock immediately commenced renovations
The completed renovations include a modernized exterior, new entrance, drought-resistant landscaping, and rebuilt office with all new finishes
The Results
CapRock completed the renovations on time and on budget transforming a vacant industrial building into an institutional quality industrial building.
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